Columbus Circle Investors Purchases New Holdings in PVH Corp. (PVH)
Columbus Circle Investors purchased a new position in PVH Corp. (NYSE:PVH) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 239,940 shares of the textile maker’s stock, valued at approximately $30,247,000. Columbus Circle Investors owned about 0.31% of PVH Corp. at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in PVH. Advisors Asset Management Inc. increased its position in PVH Corp. by 28.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 927 shares of the textile maker’s stock valued at $106,000 after acquiring an additional 204 shares during the period. YorkBridge Wealth Partners LLC acquired a new stake in PVH Corp. in the 3rd quarter valued at approximately $108,000. Fiduciary Trust Co. acquired a new stake in PVH Corp. in the 2nd quarter valued at approximately $138,000. Rational Advisors LLC acquired a new stake in PVH Corp. in the 2nd quarter valued at approximately $183,000. Finally, Penserra Capital Management LLC increased its position in PVH Corp. by 24.7% in the 2nd quarter. Penserra Capital Management LLC now owns 1,664 shares of the textile maker’s stock valued at $190,000 after acquiring an additional 330 shares during the period. 96.45% of the stock is currently owned by institutional investors and hedge funds.
Several analysts recently commented on PVH shares. Credit Suisse Group set a $149.00 target price on PVH Corp. and gave the company a “buy” rating in a research report on Thursday, August 24th. Bank of America Corporation started coverage on PVH Corp. in a research report on Thursday, August 3rd. They issued a “buy” rating and a $146.00 target price on the stock. Wells Fargo & Company raised their target price on PVH Corp. from $126.00 to $138.00 and gave the company an “outperform” rating in a research report on Thursday, August 24th. Zacks Investment Research cut PVH Corp. from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $148.00 target price on shares of PVH Corp. in a research report on Wednesday, November 1st. Six investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $138.71.
In other news, EVP David F. Kozel sold 8,867 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $125.19, for a total value of $1,110,059.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Francis K. Duane sold 24,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was sold at an average price of $126.86, for a total value of $3,044,640.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,307 shares of company stock valued at $4,980,787. 1.30% of the stock is currently owned by insiders.
Shares of PVH Corp. (PVH) traded up $3.18 during midday trading on Friday, hitting $133.12. The company had a trading volume of 1,297,259 shares, compared to its average volume of 707,823. The company has a quick ratio of 0.88, a current ratio of 1.80 and a debt-to-equity ratio of 0.63. The firm has a market cap of $10,306.68, a PE ratio of 18.57, a price-to-earnings-growth ratio of 1.32 and a beta of 0.59. PVH Corp. has a twelve month low of $84.53 and a twelve month high of $133.47.
PVH Corp. (NYSE:PVH) last issued its earnings results on Wednesday, August 23rd. The textile maker reported $1.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.04. The business had revenue of $2.07 billion for the quarter, compared to analysts’ expectations of $2.02 billion. PVH Corp. had a return on equity of 11.67% and a net margin of 4.96%. The company’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.47 EPS. sell-side analysts expect that PVH Corp. will post 7.71 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 22nd will be given a $0.038 dividend. The ex-dividend date is Tuesday, November 21st. This represents a $0.15 annualized dividend and a dividend yield of 0.11%. PVH Corp.’s dividend payout ratio (DPR) is presently 2.87%.
About PVH Corp.
PVH Corp. is an apparel company. The Company operates through three segments: Calvin Klein, which consists of the Calvin Klein North America and Calvin Klein International segments; Tommy Hilfiger, which consists of the Tommy Hilfiger North America and Tommy Hilfiger International segments, and Heritage Brands, which consists of the Heritage Brands Wholesale and Heritage Brands Retail segments.
Want to see what other hedge funds are holding PVH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PVH Corp. (NYSE:PVH).
Receive News & Stock Ratings for PVH Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PVH Corp. and related stocks with our FREE daily email newsletter.